Browse the glossary:
The incremental cost-effectiveness ratio (ICER) is a measure of the efficiency of a treatment or “value for money”. It is the difference in cost between the treatment and the comparison divided by the difference in the effects; for example, the cost per stroke prevented or life saved. It is frequently expressed as the cost per quality-adjusted life year (QALY) gained.
cost · cost-effectiveness · efficiency · resource use ·
If you feel that this definition hasn't helped you to understand the term, click on our monkey to let us know.